Item 1.01 Entry into a Material Definitive Agreement.
Eleventh Amendment to Loan and Security Agreement
On December 31, 2020, Creative Realities, Inc. (the "Company") entered into an
Eleventh Amendment to Loan and Security Agreement (the "Amendment") with its
subsidiaries and Slipstream Communications, LLC ("Lender"). Pursuant to the
Amendment, the parties agreed to extend the date on which the Lender's existing
$2,000,000.00 special loan to the Company (with accrued and unpaid interest)
automatically converts into a new class of senior preferred stock of the
Company, from December 31, 2020 to January 31, 2021 (or upon an earlier event of
default).
The Amendment is filed as Exhibit 10.1 to this report, and the foregoing
description is qualified in its entirety by reference thereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Eleventh Amendment to Loan and Security Agreement dated December 31, 2020
by and among the Company, its subsidiaries and Slipstream Communications,
LLC.
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